AL Bar Practice Questions - Alabama Bar Examination Exam

Access More Questions

A corporation incorporated under the Alabama Business Corporation Law wishes to undertake a fundamental change, such as a merger. Under Alabama's adoption of the Model Business Corporation Act, what shareholder approval is generally required?

Approval by the board and by a majority (or the statutorily specified portion) of the shares entitled to vote Unanimous written consent of all shareholders Approval by the state attorney general No shareholder approval; the board acts alone

Correct Answer:

Approval by the board and by a majority (or the statutorily specified portion) of the shares entitled to vote

Access more questions from this quiz

Continue to AL Bar Practice Questions - Alabama Bar Examination Exam for more practice questions and the full quiz experience.

Access More Questions